Saturday, March 14, 2009

Buyer's remorse X

Chris Buckley
David Brooks
Kathleen Parker
Stuart Taylor
David Gergen
Clive Crook
Andrew Grove
Megan McArdle
Michael Gerson


Today William Galston, The New Republic.........

After a week in office, another newly minted president mused in his private diary, "Everybody has warned me not to take on too many projects so early in the administration, but it's almost impossible for me to delay something that I see needs to be done." That president was Jimmy Carter, who--true to his word--sent a flood of proposals down Pennsylvania Avenue, so many that Congress soon bogged down in near-gridlock. By the end of his first year, American were beginning to wonder whether Carter could get things done and--worse--whether he was up to the job.

Will Obama turn out to be as successful in pushing his agenda as Reagan, or as unsuccessful as Carter? The key question is not early economic performance. The GDP, which the Reagan administration predicted would rise by 4.2 percent in 1982, instead shrank by 1.8 percent, and unemployment peaked around the day of the midterms, at 10.8 percent. Still, the Republicans held their ground in the Senate and suffered smaller than expected losses in the House, and the Reagan administration evaded a knockout blow.

snip

It is time for President Obama to focus his considerable leadership and communication skills on the financial crisis--to speak candidly with the people about the magnitude of the problem, to embrace a solution commensurate with the problem, and to do whatever it takes to persuade Congress and the people to accept it. If he does not, he could end up where another highly intelligent, self-disciplined, and upright president did three decades ago.


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